Deals - Joint Ventures | Top Story | Midstream - Rail & Trucks
Meritage, Arch Coal Create Powder River Rail JV
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Meritage Midstream Services II LLC and Arch Coal Inc. have executed a letter of intent to create a joint venture.
The new entity, to be called Black Thunder Terminal, LLC, will develop a rail terminal to provide crude oil handling, storage, rail loading and marketing services to producers in Wyoming’s Powder River Basin and downstream refiners.
Arch will contribute reclaimed land, rail switching and loop and other existing infrastructure assets at its Black Thunder mining complex in Campbell County, Wyoming. Meritage will contribute capital and will build and operate the crude oil terminal on property east of Arch’s active operations and located near the basin’s crude oil production activity. Meritage will own the majority interest in Black Thunder Terminal, LLC.
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